2025-12-31 11:21:19

Cypherpunk Holdings recently made a major move, purchasing $28 million worth of Zcash in one go, currently holding 1.7% of ZEC's circulating supply. The company is backed by the Winklevoss brothers— the duo who once sued Zuckerberg and later founded Gemini.

This move seems somewhat counterintuitive. Privacy coins didn't perform well in 2024, being delisted from major exchanges and facing regulatory suppression, with market capitalization declining steadily. Against this backdrop, it's indeed worth pondering why some institutions dare to build positions against the trend.

What are they betting on? One perspective is regulatory expectations. After the Trump administration took office, crypto policies might become more friendly, and restrictions on privacy coins could loosen. Another perspective is the technology and sector value—privacy coins are inherently high-risk, high-reward investments and not suitable for everyone.

From the actions of institutions, it appears that some are preparing for the next market shift.

ZEC-4,5%

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BtcDailyResearcher

· 6h ago

Adding to privacy coins against the trend, the Winklevoss brothers still have some skills... It seems that a policy shift is really coming.

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CoffeeNFTrader

· 6h ago

Hmm... What are the Winklevoss brothers up to again? Are they still adding to privacy coins at this point? --- Really? 28 million into ZEC? Are they betting that Trump will relax privacy coin regulations? --- Accumulating privacy coins at low prices... Those in the know understand. If this wave takes off, it will be really fierce. --- I don't quite understand. If regulations are tightening, why still touch privacy coins? The risk is too high. --- Institutions are bottom-fishing privacy coins, does that mean they see further ahead than us? Or are they just betting on a policy turning point? --- 1.7% of the circulating supply. With this holding volume, does Winklevoss plan to hold long-term? --- Privacy coins are delisted, and some still dare to build positions. Is this faith or a gambler's mentality? --- I just want to know if this order can be exited once it goes in. Policy shifts aren't that quick.

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OnchainArchaeologist

· 7h ago

Damn, the Winklevoss brothers are causing trouble again... investing $28 million into ZEC. They really have guts. Privacy coins are being suppressed, yet they dare to go against the trend. Either they have insider information, or they're betting that Trump will change his stance.

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